Yeah, pretty much. To quote a great man, "What'll happen to the economy if we stop making nuclear weapons? You know, the economy that's fake."

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One Response to “MIRAGES”

  1. mike Says:

    Yup, when you use numbers that don't include the inflationary impact of higher oil prices (oil is taken out of the bundle they use for this), looking good USA!


    Best commenter, part I wish I wrote:
    the GDP price inflator doesn't account for price hikes in oil imports.

    are we experiencing inflation? yes. but it is a result of import price increases. domestically, thanks to crashing credit availability, i think we're actually experiencing something closer to a deflationary environment.